OREANDA-NEWS.  November 24, 2014. VTB and Aeroinvest, the management company of Mineralnye Vody International Airport, signed a cooperation agreement under which VTB will provide the airport with an RUB 2 billion credit line for a period of nine years.

The agreement was signed by Mikhail Oseevskiy, Deputy President and Chairman of VTB Bank Management Board, during his visit to the Stavropol Region. The funds will be used to renovate the arrivals hall at the airport.

Aeroinvest CEO Yegor Solomatin said: “We expect that in 2014 the airport’s passenger traffic will increase to 1.9 million people, putting it among Russia’s 15 busiest air hubs. The loans provided by VTB will be used to renovate the domestic and international arrival halls, including a hall for those meeting arriving passengers. The project is scheduled for completion in spring 2016.”